National Republican., 1887-03-01
1885,.
GENERAL REMARKS.

TOTALS go. .......l eo,4eo,2SS l,22o, o,2@,ei5
GENERAL REMARKS.
There was appropriated to the Managers of
year 1855, the sum Of sss sos 81, being one on per per
centum of the net income of the company, be.
fore payment of dividend TO tho shareholders
II VIM be seen by the report of the Managers
of thet Trust that there has been paid, to De-
cember 3lst, 1885, the SUN Of s3,75S 62l.43,
which, with the income tnerefrom, has been
invested in securities amounting at par TO
70 5,l35, 100, yielding an interest Oft $500 per
cent. upon the investment.
The statement OF the insurance fund shows
assets on hand, at the end of the year, of 81.
640,352, ,C3, being an increase over the previous
The policy heretofore pursued by your COM
papy OF addingto and improving the property
OF your main and leased lines. as we'll asof
aiding the construction of branch aud auxil-
iory railroads, has been continued to about The
game extent as IN the, previous year, and
nished, and the development Of new territory,
not only has any serious depletion OF your
traffic by. competitive lines been prevented.
but Its volume has been increased
The principal expenditures upon your Main
Line, and on the New Jersey Division, were for
additional real estate at terminal points, and
the purchase OF locomotives passenger, freight,
be seen, amount in the aggregate TO s2,476,-
03512.
The expenditures upon the branch and aux
InhIy lilies WeIc uulnly Us lOllOWS'
On the Connecting Railway. for additional
third and fourth tracks and sidings; on the
Tyrone aud Clearfcld Railway, for the exten-
sion of branches: on the Southwest Pennsyl-
and additional sdings; on the Western Penn
sylvsnia Railroad, for improving the align
ment and grades, In pursuance Of the policy of
adapting this line 70 the cheap movement of
heavy through traffic between points west of
Pittsburgh and the Allegheny Mountains. The
expenditures on this account have not only
sdded to the economies Of transportation on
turns on the capital invested therein.
BY the merger of the Pottsville and Mahanoy
Railroad into the Pennsylvania Schuylkill
come ection with the Lehigh Valley Railroad at
New Boston, eleven miles north Of Pottsville,
and was opened for traffic to that point on the
10Th of November; but too late To secure for
this line, during the past season, any portion
of the coal traffic Of the region thus reached
by It,. An arrangement was made with the
undertook to construct the line from New Bos-
ton to q connection with the Sunbury Hazle-
ton and wilkesbarre Railway at Tomhicken, a
OF ms ana Snder WhS6
Company secures satisfactory tracknge facilities
over that link, and avoids the necessity of
building an additional road through this terri
tory.
The Nescopec Railroad, twelve miles In
length. is being constructed from the Sunbury,
Hazleton and Wllkesbarre Railroad to the North
and West Branch Railway. This road WILL In
connection with the traffic arrangements pre-
yiously indicated with the Lehigh Valley
Railroad Company, give your Company direct
through line from Philadelphia, via the
Schuylkill valley, through the Schuylkill and
and Lehigh coal regions, to the anthracite coal
interests In the Susquehanla valley aud to the
town of Wilkesbarre.
The Kensington and Tacony Railroad is be.
ing constructed for the purpose Of giving TIE
manufacturing interests in the northeastern
portion OF the city of Philadelphia direct rail
connection with your lines.
The Long Beach Railroad, extending from
the Tuckerton Railroad to Barnegat and Beach
Haven. on the New Jersey coast, and referred
to In the last annual report, was completed and
During the past year the West Virginia Cen.
trail and Pittsburgh Railway Company ar
ranged for the construction of the Piedmont
nd a miles niles
the Bedford and Bridgeport road, thus giving
TO your system direct connection with the
anS o Mest ys
considerable, coal and miscellaneous tonnage
will be secured.
For the purpose of removing the dangers at
tendant upon the numerous street crossings OF
your road In approaching Its Jersey City
terminus, your Company have indicated to the
authorities OF that city their willingness, If the
permission f. given To- elevate their
expenditure, probably aggregating over Si,-
OOo,0OO, in remodeling your present passenger
tracks and station: but 1t is believed that The
safety secured by your Company In the move
ment OF trains, will warrant this outlay: the
policy OF your management being, wherever
the local authorities show Il disposition to aid
in the avoidance Of grade crossings, to meet
such advances In a liberal spirit
The Employees Relief Fund, the establish.
annual report, has been In successful opera
ton during the greater part of the past year.
I. will be noted that, in addition 70 paying
sSi,5o9oS as the expenses expenses Of the Hlnd; your
s59,6l752 in promoting It's establishment, and
that the amount contributed by the employees
was sl90, 0,t27 67 making, with the receipts from
interest, Sl709.Tl total of e2G0, ,9ji9 90. Out OF
this sum there was paid to the families OF en-
ployes. for death benefits, S97 ,6ll 81 and for
sickness and accidents, s53,526.60, a total OF
The number OF employees who were members
of the fund, December 3st, 1886, was 1882.
These results show the benefits that have ac.
crued to the employees by the establishment OF
this department.; and the confidence felt in
in its workings Is indicated by the number of
employees who have become members of the
fund.
The policy of the regulation of inter-s state
commerce by the Federal Government which
has been under discussion for a number OF
years in Congress, took dehnite shape, In the
passage Of an Sst on the tth of Feefasry for
has favored the enactment OF proper law
ppon this subject which, while guarding the
interests OF the pubic, WOul0 hftOrd 10 the
railways the protection TO which they are
Justly entitled In the conduct of their business.
As this law abolishes the system of pooling,
which the railroad companies had generally
adopted for the purpose OF securing uniform
rates 10 shippers and preventing destructive
competition, and as 1t in other respects en-
forces new methods for conducting through
transportation. II Is difficult to anticipate what
its effects may be, either upon the railways or
the general interests of the country. Your
management will strictly observe It's provi.
siol so far as they affect the traifc Of your
system.
During the past year your Company met with
q severe loss in the death of John d. Taylor,
Treasurer, ana William Ii. Frailey, Assistant
Treasurer. Mr.. Taylor departed this life on the
twenty-iihh day OF September, 1856 lie en-
tered the service of the Company In July, 1871,
and was elected Treasurer April 10th, 1878. lie
was peculiarly fitted for his position by long
experience in business, and was animated by
q conscientious desire TO discharge bis duties
TO the utmost OF his ability, In his death the
Company has lost faithful and efficient
officer.
MIR. Frailey died September 17th, 1885, He
was elected Assistant Treasurer oftne Company
July list, 1881, His marked ability In the per.
1oimanCe of his duties, his integrity, aud
methodical business habits made him aValuod
and trusted officer, whose qualifications prom
ited a wider sphere OF usefulness.
TO fiji the vacancies thus caused the Board
has elected Robert w, Smith Treasurer aud
George H. Peabody Assistant Treasurer. both
OF whom entered upon the duties of their re-